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Month: February 2019

Posted on 08/02/2019

Dubai property glut on show in worst week for stocks since 2016

Dubai stocks are giving investors an update on the woes confronting the local real-estate industry. The DFM Real Estate & Construction Index has fallen about 7% in the past five days, the biggest week…
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Posted on 08/02/2019

UAE minister: Iran’s presence in Syria must be reduced

In a recent interview on Al-Hurra TV, UAE Minister of State for Foreign Affairs Anwar Mohammed Gargash said that despite Iran’s claims that its missiles are for purposes of deterrence, they are being …
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Posted on 07/02/2019

Dubai Islamic Bank marks listing of $750m bond

LONDON: Dubai Islamic Bank (DIB) on Wednesday marked the listing of a $750 million sukuk — or Islamic bond — on the Nasdaq Dubai exchange. Executives on Wednesday rang the opening bell at the exchange …
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Posted on 07/02/2019

UAE Food Bank launches 3rd operational site

Dubai Municipality has launched the third operational site of the Food Bank in Al Muhaisnah-2 in Dubai on Tuesday. Dawoud Al Hajri, director general of Dubai Municipality and deputy chairman of the UA…
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Posted on 07/02/2019

The UAE Food Bank launches third site in Dubai

The UAE Food Bank collects surplus fresh and canned food which is then distributed to those in need, both in and outside of the UAE. The UAE Food bank is one of the country’s best humanitarian …
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Posted on 07/02/2019

Catholics flock to pope’s historic mass in UAE

Dubai expat Rosalie Ayuso from the Philippines … Smiling and excited, he told Arab News: “Luckily I was posted at gate 31, where the pope was coming in. I lost a lot of zzz’s, but it’s all worth it …
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Posted on 07/02/2019

UAE launches third food bank in drive to reduce waste

The third food bank has started operations in the UAE as part of the country’s plans to reduce food waste. Dawoud Al Hajri, director general of Dubai Municipality and deputy chairman of the UAE Food B…
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Posted on 07/02/2019

Dubai Islamic Bank participates in the 21st National Career Exhibition

The bank reiterates commitment to Emiratisation and supports the government’s aspirations to promote growth of UAE Nationals in the private sector As part of DIB’s Emiratization development program, s…
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Posted on 07/02/2019

UAE- The Rise of Green Technology in Construction

Green building technology has become one of the hottest trends in construction. The benefits of a green technology application in construction are far-reaching and comprehensive, offering …
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Posted on 07/02/2019

Pictures: Sharjah Light Festival underscores emirates’ cultural heritage

… is illuminated during a laser show being held as part of the Sharjah Light Festival. Image Credit: Ahmed Ramzan/Gulf News The ninth edition of the Sharjah Light Festival, themed ‘Culture …
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Posted on 07/02/2019

Struggling Dubai amusement park abandons Six Flags expansion

DUBAI, United Arab Emirates – A massive amusement park in Dubai says it is abandoning plans to build a $454-million Six Flags. DXB Entertainments, which runs Dubai Parks & Resorts, said in a statement …
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Posted on 07/02/2019

Ups and downs of real estate essential for market maturity

Dubai’s real estate market has always been one of the cornerstones of this country’s success. Whether you’re talking about architectural feats such as the Burj Khalifa or the probability that you boug…
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Posted on 07/02/2019

‘Suits’ star Gabriel Macht features in tongue-in-cheek Dubai real estate advert

A new Dubai Properties advert has landed, starring none other than Suits’ Gabriel Macht aka Harvey Specter. And in the advert, which advertises a new Jumeirah community of luxury homes called Madinat …
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Posted on 07/02/2019

Over 1,100 new restaurants and cafes opened in Dubai in 2018

While 641 new restaurants were opened last year, Dubai saw 468 new cafes, according to a report issued by the Business Registration and Licensing (BRL) sector in Dubai’s Department of Economic …
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Posted on 07/02/2019

Why nearly 100 new restaurants, cafes open in Dubai every month

Dubai: Some companies may not be making as much brisk business as they used to, but you’d probably won’t see it in the local food and beverage industry. Every month, approximately close to 100 …
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Posted on 07/02/2019

Homefront: ‘What deposit do I need to secure a mortgage in the UAE?’

SM, Dubai At the end of 2013, the UAE Central bank changed its lending criteria which meant an expatriate could secure 75 per cent of a home’s value in mortgage finance for a ready property up to the …
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Posted on 07/02/2019

Emirates Islamic wins Human Resources Development award from Emirates Institute for Banking and Financial Studies

Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, and the preferred bank for UAE nationals, has been named the recipient of the ‘Human Resources Development’ award …
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